Newtopia (TSE:NEWU) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Newtopia Inc. has secured a $200,000 bridge loan from Bloom Burton & Co. for working capital and general administrative purposes while it advances its strategic process. The loan, which carries a 12% annual interest, is payable on demand and unsecured, indicating the company may need additional financing for future obligations.
For further insights into TSE:NEWU stock, check out TipRanks’ Stock Analysis page.